Wednesday, October 24, 2018

Rex Intl - No Strength Now






Rex Intl really has no strength even after some mini bullish signals. The deep sell down the past 2 days was scary but it seemed like there is no support from the BBs. Today while the STI rebounded a little, Rex suffered a gap down which indicated some bad news coming? I don't know what's the tory behind but let the stock come down first to a level which is attractive and then find a good entry again. Will I buy now? No, because I haven't see any support from the BBs. The market is now in a whirlwind which I don't know why is it so, so watch and be vigilant is the best bet.

Update: 9:36am, 24/10/2018




Rex experienced more sell down truly without much support from the BBs.

Ronald K - Market Psychologist - A Stock Market Opportunist